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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (1819)	3/31/1999 12:48:00 AM
From: borb	Read Replies (1) \| Respond to of 3902

''On the last day of the fiscal year, the Nikkei is trading considerably below last year's level of 16,527.17 so it will not be watched closely, but the TOPIX is trading above last year's level and will attract a lot of attention today,'' said Masatoshi Kikuchi, a senior strategist at Daiwa Institute of Research. ''Because the TOPIX is trading above last year's close it is bringing a sense of security to the market,'' said a trader at Deutsche Securities. *Bank shares may be sold on a newspaper report on Wednesday that said financial authorities have agreed to revise capital adequacy requirements, and will make banks provide more detailed classifications of their lending, said the Deutsche Securities trader.